All posts tagged "CBM"
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267AML / KYCMyanmar Announces Licensing Framework for Remittance Providers
The move is aimed at providing a cost-effective channel for the legal movement of money into Myanmar and reduce the use of illegal money transfer brokers.
November 26, 2019 -
654Asia-Pacific
Myanmar to Open Applications for Foreign Bank Licensing
Branch licences will allow wholesale banking activities, while subsidiary licences will permit retail banking services in addition to wholesale banking.
November 9, 2019 -
870Asia-Pacific
Myanmar Allows Foreign Banks to Set Up Local Subsidiaries
Foreign banks will be able to enter the retail banking space and operate as local banks by setting up subsidiaries, rather than just branches.
May 25, 2019 -
639Asia-PacificSingapore’s NETS to Co-Develop QR Payment System in Myanmar
Singapore payment services provider NETS Group is helping the Myanmar Payment Union develop a unified e-payment system modelled after the SGQR.
April 30, 2019 -
555Asia-PacificPayments Connectivity Sees Continued Progress in ASEAN
Bank of Thailand outlined a number of key initiatives with other ASEAN nations to increase regional connectivity in cross-border payments.
April 10, 2019 -
538EnforcementHong Kong Finance Manager Convicted of Insider Dealing
A GEM stock finance manager was in possession of inside information related to unaudited losses and an impending share suspension when he and his father sold their shares in the company.
February 21, 2019 -
798Asia-Pacific
Myanmar’s First Credit Bureau to Become Operational Within a Year
Using software from Equifax, the new credit bureau will enable lenders to use credit histories to calculate bad debt risk and potentially lower the need for collateral.
December 17, 2018 -
671Asia-Pacific
Myanmar Allows Local Lending by Foreign Bank Branches
To date, the 13 foreign banks with branches in Myanmar have only been allowed to lend to foreign entities in the country, and only in foreign currencies.
November 13, 2018 -
434Asia-PacificMyanmar Stock Market Starts to Open to Foreign Investors
Under a new law due to take effect from 1 August, resident foreigners will be able to invest in up to 35% of the share capital of YSX-listed companies.
July 10, 2018 -
400Asia-Pacific
Myanmar Central Bank Pushes for New Moveable Assets Law
A moveable asset finance law would enable banks to accept collateral other than real estate such as stock, equipment and receivables.
March 15, 2018
